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for the last year promising $5 trillion in tax cuts that favor the wealthy and yet the fellow on the stage last night looked like mitt romney said he did not know anything about that. >> also on thursday mitt romney took another huge step in his unfolding journey of self-discovery. speaking to shawn hennessy on fox news he repudiated the infamous 47% comments he made in may. >> in this case i said something that was just completely wrong. i absolutely believe, however, that my life has shown that i care about 100% and that's been demonstrated throughout my life and this whole campaign is about the 100%. when i become president it will be about helping the 100%. >>> all right. 100%. we're all in on the 100%. first let me throw it up to you guys. we've been chewing over the debate performance. i think my own take, that the president did not perform well in the debate. that's a real novel take on my part. that's what you tuned in for at home. but i don't think he performed as catastrophically poorly as other people seem to think he did. that's more or less where i'm at. maybe that's not great insi
. the centerpiece of governor romney's economic plan is a new $5 trillion tax cuts that favors the wealthiest americans, but most of the economists who have crunched the numbers said that paying for governor romney's tax plan -- one or the other. pick your poison. last week when we were on stage together. governor romney just pretended it didn't exist. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention for that tax cut under the carpet behind the curtain. >>> romney's pretending his tax cut plan doesn't exist, but the president won't let him get away with it. he also won't let him get away with hitting the middle class to protect his own tax rate. >> governor romney said it's fair he pays a lower tax rate than a teacher or autoworker who makes $50,000. he is wrong. i refuse to ask middle-class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut. i refuse to pay for that tax cuss by asking you students to pay more for college or kicking kits out of headstart or
tax cuts phase out and all the automatic spending cuts kick in, a one-two punch that the most optimistic economies say will not the recovery for a loop, millions of americans likely to lose their jobs and millions of american families likely to face thousands more in taxes. "new york times" says the cliff could be more like a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye. it is the story that no one is talking about. you have mentioned it, but we are looking at the abyss and no one is touching it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cuts expire and all the automatic spending cuts go into play, meaning the himmation -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benefits go away, it will are horrendous, 14 of 17 economists now say it will put us in a recession and if "new york times" thinks this is going to be a slope, they are dreaming. that money will
trillion tax cut to the american people, and you've got a -- not personally by name, but we now know it was you. let's just play a clip of this and see what your reaction is. >> well, actually, the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong, because when he says this, let's look at all the rates you're lowering, and then he ignores the fact that i say we're also going to limit deductions and credits and exemptions. he ignores that part. obviously that was corrected by his deputy campaign manager, who said that she stipulated that in fact, the $5 trillion number was wrong. it's completely wrong. >> he's talking about you there, stephanie. >> he is. >> he says that you said it was wrong. >> that's right. right. piers, i'm really glad you brought that up. so there's this thing called math and here are mitt romney's tax cuts. if you add up lowering the tax rate by 20%, eliminating the alternative minimum tax, repealing the high income payroll, repealing the estate tax, and lowering taxes for corporations, that totals $5 trillion. so that's mitt romney's
. >> if those two different questions -- >> i'm going to call him a liar now. no. talking about the tax plans at the rallies. he was saying the same things on wednesday night and the other piece about how -- >> let me stop you there. i want to read to you if i can about a fact check about the tax. not cutting taxes for the wealthy. in the primary, cut taxes for everyone including the top 1%. suspect that a change? >> no, it's not. he's been saying the entire time that while he would be in favor of an across the board tax c of 25% for every taxpayer, those making over a certain amount of money he would close tax loopholes so their overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is
was on television a couple weeks ago and he was asked to explain governor romney's tax plan and he said, well, i don't have enough time to explain it. it's too complicated to explain it. well, he has 90 minutes tonight, so hopefully he'll have enough time to explain it. >> you read some of these reports, joe biden has been studying paul ryan's tax plan so hard, he may know it better than paul ryan. but are they right about what joe biden needs to do tonight? >> yoe biden as you said redemption in the lead, i like that word. he really has to shift the momentum of the race and make obama's people feel better. there was almost a suicidal tendency among democrats for a couple of days. it doesn't help you in the campaign. but i think there are two things biden has going for him, one, he really is a good debater. i went back and looked at stuff on the 2007/2008 debates and i wrote a column back then where biden beat all of them. and i led my column with the sentence does joe biden have to set himself on fire to get any attention. he's got the attention tonight. but the second thing he's got going for him
this weekend. >> he for instance is going to raise taxes and his vice-president blurted out the truth. they plan on raising them trillion and it is two trillion when you put it together. that is an increase on taxes in maul business and that will mean less jobs. >>> and in the meantime obama campaign continues to hit mitt romney on the idea of being dishonest and nigh add out there saying he was not for a five trillion tax cut he was lying about that as he was when he said the president wants to raise the taxes $4000. obama disputed that that was independent but did not dispute the $4000 figure. and in the meantime president in cleveland making fun of mitt romney. listen to this. >> for all of you moms and kids out there. don't worry, somebody is getting tough on big bird. elmo, you better make a run for it. governor romney is going to let wall street run wild again but bring the hammer down on sesame street? >> and democrats are wondering where that president obama was in the debate on wednesday and people wonder if he will be tough one on one when he has the stage. >>> and the obama
pretended it didn't exist. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet. >> now, that was the president waxing incredulous while former president bill clinton last night, well, he went full clintonian, painting the picture of how mitt's transformation went down. >> the deal was made by severe conservative mitt. that's how he described himself. for two whole years. until three or four days before the debate they got together and said, hey, this ship is sinking faster than the titanic so show up with a sunny face and say, i didn't say all that stuff i said the last two years. you going to believe me or your lying eyes here? come on. what are you doing? >> i think he actually caught air there. and it's no wonder with romney suddenly shifting on all marng of positions, lately it's a woman's right to choose. here he is to "the des moines register" on tuesday. >> there's no legislation with regarding -- with regards to abortion that i'm familiar with that would become part of my agenda. >> funny. around this time la
was going to cut taxes for wealthy people? >> he is the etch-a-sketch guy who has transformed himself and quite frankly, we always have to wonder which mitt romney is going to show up. if you just lay out lie after lie after lie about your own plan, as well as what the president has been talking about, of course you can look good. megyn: joining me now is chris stirewalt, host of "power play." i wanted to get back to january of 2009 when president obama in a common about immigration. joe wilson, shouted out, you lie on the floor of the house. watch this. >> there there are those that claim that our reform efforts would ensure illegal immigrants. this, too, is very false. the reform -- the reforms i am proposing would not apply to those who are here legally. megyn: the president and his supporters back then were outraged that joe wilson chose to resort to name-calling and calling him a liar. because they disagreed with what he was saying about his policies. the leader came out and said we have to get to the point where we can have a conversation about big and important issues that matt
never been done before. >> been done a couple times. jack kennedy lowered tax rates. >> oh, now you're jack kennedy. jon: they touched on the biggest issues for americans jobs and the economy. their messages directed at middle class voters. >> can you declare anything off limits? >> mortgage loopholes. higher deductions, from higher income people. >> can you guaranty no one making less than 100,000 have a mortgage deduction impacted? >> this tax as million small businesses. he keeps trying to make you think some movie star, hedge fund guy. >> 97% of the small businesses make less than $250,000 a year. would the no be affected. >> this tax is a million people. a million small businesses. >> does it tax 97% of the american businesses? >> it taxes -- >> foreign policy. >> want to get people out of poverty in the middle class for self-sufficiency. we believe in upward mobility. that is we'll push for in romney administration. >> we saved a million jobs. i never met two guys more down on america across the board. we're told everything is going bad. 5.2 million new jobs, private sector jo
lives they still have great lives. >> they get to buy houses and pay taxes. >> they get to do a lot of things. i am proud of it. i have built a lot of great buildings and had success. i have taken care of a lot of families whether it's education or medical or whatever you want to say. i did work hard and i did build it. >> what does this say about his mentality, though? look at where we are in the ton tr country. >> that came out probably he wished he didn't say it. the truth came out. often times you will see that. >> that was one of the few times he was off prompt ter. oo ee may have been off tell pyrometer. people need to understand that's where he is all about and where he is coming from. >> we are going to spread the wealth around and you didn't build that. here's where you are economically. we have one in 6 americans in poverty. 5 million americans under employed. this staggers my mind. 49 million americans on food stamps right now in this country. the net worth of a person has gone down 40 percent in three years. the average home price gone down 35 percent. >> we owe $17 tril
into the numbers with the president of the tax foundation. find out what it is for you and our country here on fox business. 0t[h7 [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> market is down 30 points. we were talking to david kotok at beginning of show how many investors got out of the market. what is mistake it is because stocks are up 9%. >> people looking at true fundamentals true health of the global economy can't really deny that, tracy. melissa: that is the juice market is running. tracy: you guys talked a lot about it. a lot of hedge funds closed up shop on september 30th, called it a day and wrapped it up with a nice little bow. w
pay 50 percent in taxes. >> the rich are paying most of the taxes in the country. statistics come out that are amazing. >> it is like an amazing number. i was surprised to see it. they work hard they employ people. this is a very, very bad time. we are in a weak economy. this would be a bad time to raise taxes for any one whether it's the rich, the poor. now in all fairness less than 50 percent of the people in this country pay taxes anyway which is another amazing statistic. i wouldn't believe that statistic. the rich pay tremendous amounts of taxes. most of the taxes in the country and they really have to be at least -- rich people if they don't love their country they can go to other countries and pay a lot less tax. if you were in new york and the taxes were high you could move to florida or move here. with globalization and everything -- >> why don't you move to florida. we have golf courses in miami. >> i have a lot of great properties in florida. i just -- >> the minute you walk you hed florida. >> i love new york. i stick with new york. it's a great place. it's where i want to
it. krystal, when you look at his record, it seems right for pickings. his budget raises taxes on the poor. it makes seniors pay $6400 more for medicare coverage, all while giving millionaires a $265,000 tax break. meanwhile, he voted for defense cuts he blames on president obama and mr. fiscal conservative voted to increase the debt ceiling by $4 trillion under president bush. seems like right pickens to me, krystal. >> frankly, he can't be directly honest about the plans because they are toxic. it is not popular to fund tax cuts for the rich on the backs of the poor. that is not something that sells in this election. on the other hand, biden and obama have been very consistent and their policies are broadly popular. they are talking about restoring the middle class. they are talking about the american dream. they have a balanced plan that makes sense to americans. so i think it is very tough for paul ryan. not only does he have to defend his own budget but mitt romney's plans and he has to be able to reconcile the differences between what mitt romney has been selling and what
then. jamie: well the vice-presidential candidates are hitting each other very hard on taxes. vice president biden claiming the republicans are insisting on new tax cuts for the wealthy. congressman ryan responding with a warning for the middle class. >> if you taxed every person and successful small business making over $200,000 over 100% it would only run the government for 98 days. if everybody who paid income taxes last year including successful small businesses doubled their income taxes last year we would still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul r
the attacks. a week ago paul rhine was asked to explain the math of a tax cut and he said i don't have time. governor mitt romney had a massive performance and the underpenings of that was dishonest f. you are willing to say anything to get elect make up your positions, american people have to understand how they can elect you. >> steve: is calling mitt romney and ryan a good strategy. here to weigh in is washington insider amelia and democrat pollster marjorie. good morning to both of you. >> margey. it does sound like according to the new york times, 10 minutes before the end of the debate they were on a conference call talking about he stunk up the place. we'll have to go full steam ahead on a new attack and that is going to be romney is a liar. >> any time you hear mitt romney express different position than the day before it is for voters to know. we would be talking about mitt romney's loose interpretation of the facts regardless of what the people thought of the pet's performance. his own campaign walked back what romney said about covering people with preexisting conditions in the h
rich people and small businesses to tax to pay for all their spending. so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class. the tax bill's coming to you. >> michael, what was your take on the debate? >> i went back and read the transcript of the debate after it was over. if you go through point by point, it's amazing how often biden bests ryan on the actual merits of the policies they are talking about. i do think for the actual discussion was so complicated though, i do think a lot of people are going to take away from this debate whatever they came into the debate. it's hard to follow in realtime what they were saying about libya or tax policy. so you end up taking away the body language. whether you like joe biden or don't like joe biden and the polls show the country divided on that and people feel hot one way or the other, you would like his gesticulation. democrats needed to turn the page on the last debate with the president. take real punches at republican talking points and set the stage for
session is what to do about the fiscal cliff, this whammy, this triple whammy of tax hikes and defense cuts and social program cuts that are scheduled to take effect the first of the year. i talked to one democratic congressman, a leader last night, i ran into him at an event in suburban washington. he said, don't look for congress to do anything substantiative in that lame duck, however, they might push that deadline back, work out some kind of deal, push it back six months, and get some serious negotiations on what to do about that fiscal cliff, some time in the springtime. >> mike viqueira, thank you. >>> the spin machine is in full effect over those jobs numbers. first, president obama used his weekly address to tout that drop in unemployment numbers to 7.8. >> more americans are entering the workforce, more americans are getting jobs. >> but mitt romney on his weekly podcast this morning argued that it is just more proof that obama's policies had failed. >> we created fewer jobs in september than in august, and fewer jobs in august than in july. and we've lost over 600,000 manufac
chosen, denied the big tax cut from 35% down to 28% for people at the top bracket. the all-out elimination of the estate tax, the big-time cut in the corporate rate. he denied his plan to eliminate medicare, denied he would kill coverage for those with pre-existing conditions. he got away without bothering to deny his plan to let the automobile industry to go bankrupt and to dump 40 million people to wait in the emergency room. let's look at some of the latest polling in the wake of wednesday's debate. this afternoon pew released a poll that showed a dramatic shift toward romney. this poll covers the four days since the debate, and it has romney pulling even with president obama among registered voters, 46% even. four weeks ago pew had obama up by nine among registered voters, so this has been a huge shift in the pew poll. the move in the pew poll towards romney is greater among likely voters. romney is surging ahead to 49%. four weeks ago obama led among likely voters by eight. now to the latest gallup tracking poll which covers the last seven days. gallup has president ob
president obama said in the first presidential debate with mitt romney. the $5 trillion tax cut. they take issue with that figure. and so, i think the fact checkers more than busy tonight, brooke. >> jim acosta, see you next hour. >>> i want to talk about this debate tonight. usually the vice presidential debate gets limited attention. historically to game changer but that's not the deal tonight. after president obama's we'll call it less than stellar performance last week, joe biden is front and center facing pressure tonight. how's the rival congressman paul ryan preparing? ryan lugs around this ratty old briefcase. this is what i was talking about earlier. stuffed with 40 pounds of debate study material. you saw dana bash. this is what -- little show and tell part of the exclusive interview that dana scored and already in danville, kentucky, as well, where the debate as we mentioned is hours away. dana, all right. so you got this -- he has a huge briefcase. so i presume what he's saying there with all the study material is he's prepared. >> reporter: yes. he says that that's what he say
trillion in cut and tax cut for millionaire and billionaires. >> the obama camp has been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the chavez national monument that may help rally hispanic voters. new politico, george washington university battleground tracking poll of likely voters shows president may have an intensity problem. only 73% support him say they are extremely likely to vote compared to 86% who back romney. >> they know the race has tightened. >> bret: ed henry traveling with the president in california. ed thanks. >>> we are less than a month away from election day. much of the country is already taking part in early voting. we are taking our we
. >>> preaching politics from the pulpit. hundreds of pastors plan to do it today. why? they want the irs to tax them. plus, hear from the man planning a death-defying recordsetting jump from the edge of space. >>> a campus police officer shot and killed this 18-year-old freshman at the university of south alabama yesterday. school officials say gilbert collar rushed the officer several times and kept threatening him. he reportedly was make ed and abbinging eradically. his friends remembered a different student. >> you could ask anyone that knew him. he was a great, loving guy. always made people smile. you know, is not the kind of guy that people move him and said he would do something like this. >> i want to bring in cnn legal contributor paul cowen joining us from new york. paul, good morning. >> good morning, randi. >> the victim in this case is 18 years old. he was a college freshman. considering the circumstances, he was apparently, reportedly, make ed. wouldn't they have been able to see that he wasn't armed? i mean, why do you think it led to something like this? >> you know, randi, the
people are you paying payroll taxes? that's a pretty good number. the unemployment comes from what we call the household survey, calling people up at home and saying do you have a job? are you working? are you unemployment and looking for a job or unemployed and not looking for a job. in that group it's a larger group because you have the self-employed. over the obama years, more and more people have left the labor force completely. especially older people between 50 and 56 that live off their savings and ira's before they should. some of those folks have returned in part-time work essentially in home-based businesses. about 110, 115,000 jobs are created in the establishment survey or the employer survey. but about 850 in the household survey, that would imply 700,000 or about 5% of american families have established a home-based business. it's completely implausible that that could happen. >> okay. so you say it's completely implausible and you are not the first economist to say this. and the only sample in terms of teeny fraction something like 55,000 people they call. is it possibl
being less than honest about his tax cut plan. >> governor romney decided instead of changing his plan he just pretended it didn't exist. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet. >> romney's campaign continuing a blitz of ohio today denying that he's a new moderate but here is what he told the des moines register yesterday. when asked about his agenda on abortion. >> there's no legislation regarding -- with regards to abortion i'm familiar with that would become part of my agenda. >> joining me now, "usa today's" washington bureau chief susan page and "time" assistant managing editor. good morning, both of. >> did you good morning. >> susan, romney's statement appeared to be away from the democrats tried use against them and campaign quickly issued a statement saying mitt romney is pro-life. what is going on with the romney message? >> well, i think romney is -- governor romney is definitely trying to pivot to the middle. we were waiting to do this last spring and early summer when he clinched t
has questions on the president from taxes to debt and spending. >> he wants another stimulus? how did the first one work out? he wants to hire more government workers? he wants to pick with winners and losers solyndra, losers in his case. we know where that leads. we have seen the last four years. we don't want four more years like the last four years. >> reporter: the debate at the university on long island is going to include foreign policy. to that end the governor is rolling out the foreign policy ball. he has a big speech on foreign policy at virginia military institute in lexington. >> gregg: tell us how big the first debate is playing out in the campaign ads. >> reporter: both sides are trying to portray the other as the bigger fiber. he has new ad from both campaigns and both are saying the other is untruthful from taxes to anything under the sun. take a look. >> i don't have five trillion dollar tax cut. if you just implemented it would cut five trillion dollars. >> i will not produce the taxes paid by high income americans. >> is that actually true? >> the latest, not tellin
. tax cheat and loves to lay off people and loves to lay off people all in favor of the rich . they heard romney explain himself, and explain the depth of his compassion and the strength of his feeling, the rest of the country got to know him. >> gretchen: could it be that women are thinking about the economy and not just contraception which was what the democrat platform was. they heard about the economy in that debate. >> they had the economy on their mind all along. most of the job loss has been among women. they have had that on their mind and people particularly women wanted to do something different about the economy and change. but they were worried about romney and so they couldn't make the transition . the debate moved them closer and the transition became easier. >> gretchen: dick will stay around. bob beckle said biden will beat paul ryan leak a drum. and the law said you can't kick her out. we are not kidding. ♪ ♪ ♪ here i am. ♪ back in the middle with you. ♪ ♪ [ female announcer ] food, meet flavor. flavor, meet food. it's time for swanson flavor boos
in the inner city and paul ryan said bringing opportunity. >>> and you can do that with cutting taxes with a big tax cut. >> paul ryan said those are your word and not mine thampts kind of strange are you trying to stuff words in people's mouths. this was a local affiliate out of flint, michigan. an important state. >> brian: especially the polls are closing to within three. and it is interesting that paul ryan is out giving interviews and vice-president biden is in a six day -- c>> steve: no kidding. good for paul ryan stick to the press. the guy had something in mind. and it is the thing that newt gingrich did and was effective. maybe joe biden should be looking for that paul ryan. >> gretchen: the mitt romney declaring war on the president obama. >> how does romney's plan stack up. veteran of the wars. coming up next. >> brian: you never saw a full fight quite like this one. >> steve: oh, my goodness. you are right. and then you never saw a bull fight like that one. we'll watch it over and over again. weight watchers online was so easy you look up a food, you eat the food, you trac
misquoting him. but let me tell you about the mitt romney i know. don't raise taxes on small businesses because they are our job creators. >> vice-president biden. >> incredible. >> look, you both saw benjamin netanyahu hold up that picture of a bomb with the red line i. thank heavens we have the sanctions in place. it is in spite of their opposition. they have given 20 waivers to this sanction. all i have to point to are the results. they're four years closer toward a nuclear weapon. when we see -- look... did they come in and inherit a tough situation, absolutely. but we are going in the wrong direction. slower than last year and last year was slower than the year before. job growth was slower than in august and august was slower than it was in july. >> sean: that was a review of the vice-president's unhinged behavior last night. disturbing as that was, when it came to substance, the results were even wse. we will have a complete fact check in the next segment. but i would be remiss if i didn't include the biggest lie at the top of the program. it involves the administration and what
Search Results 0 to 49 of about 184 (some duplicates have been removed)